Downtown Partnership Business Incentives

New business or existing business expanding their square footage by at least 25% may be eligible for one of two financial incentive programs!

The first option is a loan incentive, in which the business owner may receive a loan for between $5,000 and $50,000 through a local participating bank for costs associated with opening the new business or expanding the current business. The Downtown Improvement Loan interest rate will be 1.5% below the quoted rate normally offered by the lending institution.

The second option is a grant incentive, in which new or existing businesses undertaking tenant finish improvements, not including inventory or removable/non-permanent equipment, with a dollar value of at least $5,000 may apply for a $2,500 grant as reimbursement for such improvements. The reimbursement is made when the improvements are complete and the business is open to the public.